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472 N Dean Rd - Towne Center

2,220 SF Office Unit Offered at £284,404 in Auburn, AL 36830

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Investment Highlights

History of high occupancy within the property

Well located in the central portion of Auburn near the intersection of N. Dean and Opelika Roads.

Executive Summary

Two story office condominium complex in the central portion of Auburn, AL. The building is equipped with an elevator.

Property Facts

Price	£284,404	Building Class	B
Unit Size	2,220 SF	Number of Floors	2
No. Units	1	Typical Floor Size	8,269 SF
Total Building Size	16,537 SF	Year Built	1999
Property Type	Office (Unit)	Lot Size	1.42 AC
Property Subtype	Medical	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Sale Type	Investment or Owner User

Price	£284,404
Unit Size	2,220 SF
No. Units	1
Total Building Size	16,537 SF
Property Type	Office (Unit)
Property Subtype	Medical
Sale Type	Investment or Owner User
Building Class	B
Number of Floors	2
Typical Floor Size	8,269 SF
Year Built	1999
Lot Size	1.42 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Unit Available

Unit 205

Unit Size	2,220 SF	Sale Type	Investment or Owner User
Price	£284,404	Net Initial Yield	7.33%
Price Per SF	£128.11	NOI	£20,856.26
Unit Use	Office	APN/Parcel ID	43-09-04-20-4-002-029.000-205

Unit Size	2,220 SF
Price	£284,404
Price Per SF	£128.11
Unit Use	Office
Sale Type	Investment or Owner User
Net Initial Yield	7.33%
NOI	£20,856.26
APN/Parcel ID	43-09-04-20-4-002-029.000-205

Description

Unit 205 of the Towne Center Office Condominium is a second-floor unit containing approximately 2,220 square feet. It is currently divided into two separate spaces containing approximately 960 and 1,260 square feet of gross leasable area, respectively. The smaller of the spaces is leased through January 31, 2026. The units can be converted back into one contiguous space. The building is equipped with an elevator, and the unit was renovated in phases between 2021 and 2023. The pro-forma NOI is 26,388

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